COMMUNITY ACTION NETWORK INC

Address
3975 COPPER SPRING RD
SPRINGVILLE, TN 38256-5429
Contact
Website: http://www.canhomes.org
Phone: +1 (731) 642-8208
Nonprofit
NTEE: S20 - Community, Neighborhood Development, Improvement (General)
EIN: 61-1492579

Mission

Community Action Network, Inc. (CAN) will promote rural development by producing affordable housing through new construction, acquisition/rehab for resale, administering down payment assistance programs, providing homebuyer education, and homeowner repair programs.
 20152014201320122011
Basic features of the organization
Year of formation2005
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel $0.00$0.00  
Sum of reportable (W2/1099) compensation $0.00$0.00  
Number of employees 99  
Number of people compensated >$100k 00  
Number of volunteers 1420  
Number of highly compensated contractors 00  
Personnel
Downing, Rozann
Title ChairpersonChairperson  
Name of key/compensated person Rozann DowningRozann Downing  
Position of compensated person
Current individual trustee or director True   
Current officer TrueTrue  
Average hours per week working for org 1010  
Reportable compensation from org $0.00$0.00  
Other comp, non-reportable, from org and related orgs $0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00  
Average hours per week working for related orgs 00  
Jones, Paul
Title  Vice Chair  
Name of key/compensated person  Paul Jones  
Position of compensated person
Current officer  True  
Average hours per week working for org  1  
Reportable compensation from org  $0.00  
Other comp, non-reportable, from org and related orgs  $0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00  
Average hours per week working for related orgs  0  
Paschall, Marian
Title TreasurerTreasurer  
Name of key/compensated person Marian PaschallMarian Paschall  
Position of compensated person
Current individual trustee or director True   
Current officer TrueTrue  
Average hours per week working for org 33  
Reportable compensation from org $0.00$0.00  
Other comp, non-reportable, from org and related orgs $0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00  
Average hours per week working for related orgs 00  
Patterson, Janice
Title Secretary   
Name of key/compensated person Janice Weems Patterson   
Position of compensated person
Current individual trustee or director True   
Current officer True   
Average hours per week working for org 2   
Reportable compensation from org $0.00   
Other comp, non-reportable, from org and related orgs $0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00   
Average hours per week working for related orgs 0   
Taylor, Lynn
Title Board MemberBoard Member  
Name of key/compensated person Lynn TaylorLynn Taylor  
Position of compensated person
Current individual trustee or director TrueTrue  
Average hours per week working for org 11  
Reportable compensation from org $0.00$0.00  
Other comp, non-reportable, from org and related orgs $0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00  
Average hours per week working for related orgs 00  
Tharpe, Gene
Title Vice ChairBoard Member  
Name of key/compensated person Gene TharpeGene Tharpe  
Position of compensated person
Current individual trustee or director TrueTrue  
Current officer True   
Average hours per week working for org 11  
Reportable compensation from org $0.00$0.00  
Other comp, non-reportable, from org and related orgs $0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00  
Average hours per week working for related orgs 00  
Weems, Janice
Title  Secretary  
Name of key/compensated person  Janice Weems  
Position of compensated person
Current officer  True  
Average hours per week working for org  2  
Reportable compensation from org  $0.00  
Other comp, non-reportable, from org and related orgs  $0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00  
Average hours per week working for related orgs  0  
Wilcox, Tereena
Title  Board Member  
Name of key/compensated person  Tereena Wilcox  
Position of compensated person
Current individual trustee or director  True  
Average hours per week working for org  1  
Reportable compensation from org  $0.00  
Other comp, non-reportable, from org and related orgs  $0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00  
Average hours per week working for related orgs  0  
Purpose: mission, activities, & accomplishments
Mission or significant activities To promote rural development by producing affordable housing and increasing the skills and employability of participants through hands on training.To promote rural development by producing affordable housing and increasing the skills and employability of participants through hands on training.  
Program service expenses, total $626,340.00$727,615.00  
Programs, including revenue & expenses
Grant provided through CDBG funds to acquire/rehab homes for rental for 25 homeless, disabled families.
Program expenses $25,807.00   
Grants and allocations made $841,698.00   
Program revenue $29,059.00   
Program description Grant provided through CDBG funds to acquire/rehab homes for rental for 25 homeless, disabled families.   
Grant provided through USDA Rural Development, Federal Home Loan Bank, and Home Depot Foundation to provide homeowner repair program, wheelchair ramp construction, and home modification to 50 low-income families
Program expenses $158,420.00$121,523.00  
Grants and allocations made $155,626.00$99,329.00  
Program revenue $0.00$0.00  
Program description Grant provided through USDA Rural Development, Federal Home Loan Bank, and Home Depot Foundation to provide homeowner repair program, wheelchair ramp construction, and home modification to 50 low-income familiesGrant provided through USDA Rural Development, Federal Home Loan Bank, and Home Depot Foundation to provide homeowner repair program, wheelchair ramp construction, and home modification to 68 low-income families  
New construction and acquisition/ rehab for low income families to acquire homes below FMV. Many homebuyers receive subsidy reduction to purchase foreclosed homes at least 10% below cost of home to qualified low-income families. CAN served 4 homebuyers last year to acquire homes.
Program expenses $427,367.00$606,092.00  
Grants and allocations made $342,260.00$260,884.00  
Program revenue $132,894.00$206,184.00  
Program description New construction and acquisition/ rehab for low income families to acquire homes below FMV. Many homebuyers receive subsidy reduction to purchase foreclosed homes at least 10% below cost of home to qualified low-income families. CAN served 4 homebuyers last year to acquire homes.New construction and acquisition/ rehab for low income families to acquire homes below FMV. Many homebuyers receive subsidy reduction to purchase foreclosed homes at least 10% below cost of home to qualified low-income families. CAN served 5 homebuyers last year to acquire homes.  
Financial data
Revenue
Total revenue $1,260,191.00$991,050.00  
Revenue from contributions (total)$342,778.00$1,152,326.00$771,652.00$496,876.00$316,801.00
Revenue from noncash contributions $248,555.00$326,877.00  
Investment income, current yr -$54,088.00$13.00  
Total revenue from grants, etc., current yr $1,152,326.00$771,652.00  
Total unrelated business revenue $0.00$0.00  
Other revenue, current yr $29,059.00$13,201.00  
Net unrelated business taxable revenue $0.00$0.00  
Program service revenue (total)$170,469.00$132,894.00$206,184.00$189,276.00$351,915.00
Gross receipts $1,739,298.00$991,050.00  
Sources of contributions
Revenue from federated campaigns $0.00$0.00  
Contributions revenue from membership dues $0.00$0.00  
Revenue from fundraising events $0.00$0.00  
Contributions from related organizations $0.00$0.00  
Revenue from gov't grants $1,071,404.00$262,393.00  
Revenue from all other contributions $80,922.00$509,259.00  
Other types of revenue
Royalties (total) $0.00$0.00  
Miscellaneous revenue (total) $0.00$0.00  
Income from dividends, interest, and similar investments $19.00$13.00  
Net rental income$72,343.00$29,059.00$13,201.00$11,941.00$8,298.00
Expense categories (totals)
Total functional expenses: sum of all $697,750.00$817,189.00  
Total functional expenses: program service  $626,340.00$727,615.00  
Total functional expenses: management and general $71,410.00$89,574.00  
Total functional expenses: fundraising $0.00$0.00  
Fees for services
Lobbying fees (total) $0.00$0.00  
Legal fees (total) $633.00$250.00  
Fundraising service fees (total) $0.00$0.00  
General management fees (total) $0.00$0.00  
Investment management fees (total) $0.00$0.00  
Assets and liabilities
Total assets$1,782,832.00$1,641,985.00$1,041,282.00$990,157.00$978,532.00
Total assets, beginning of year $1,041,282.00$990,157.00  
Total liabilities$208,645.00$141,583.00$205,167.00$327,903.00$282,804.00
Total liabilities, beginning of year $205,167.00$327,903.00  
Pledges & accounts receivable, net $129,366.00$0.00  
Loans & receivables from key persons $0.00$0.00  
Unrestricted net assets, end of yr $1,500,402.00$836,115.00  
Temporarily restricted net assets $0.00$0.00  
Permanently restricted net assets, end of yr $0.00$0.00  
Net assets $1,500,402.00$836,115.00  
Net assets, beginning of year $836,115.00$662,254.00  
Bond liabilities  $0.00  
Intangible assets $0.00$0.00  
Other assets $0.00$0.00  
Investments: other securities $0.00$0.00  
Investments: publicly traded securities $0.00$0.00  
Cash: non-interest bearing $142,145.00$45,691.00  
Cash: non-interest bearing, beginning of year $45,691.00$59,827.00  
Investments -- program-related $0.00$0.00  
Escrow or custodial account liability  $0.00  
Loans and other payables to key persons  $0.00  
Grants payable  $0.00  
Inventories for sale or use $0.00$0.00  
Other financial variables
Revenue less expenses $562,441.00$173,861.00  
Advertising (total) $0.00$850.00  
Savings & temp cash investment $2,088.00$2,088.00  
Accounts receivable, net $0.00$0.00  
Prepaid expenses & deferred charges $0.00$0.00  
Accounts payable & accrued expenses  $775.00  
Deferred revenue  $0.00  
Unsecured notes & loans to unrelated parties $0.00$0.00  
Secured mortgages and notes payable $141,583.00$204,392.00  
Total net assets or fund balances $1,500,402.00$836,115.00  
Depreciation, depletion, amortization $30,937.00$25,243.00  
Payment to affiliates $0.00$0.00  
Governance and accountability
Number of voting members 57  
Number of independent voting members 57  
Financial sheets audited TrueTrue  
Accrual accounting TrueTrue  
Tax year start date 2014-01-012013-01-01  
Tax year end date2015-12-012014-12-012013-12-012012-12-012011-12-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF 990990  
Date e-filing submitted 2015-10-062014-10-28  
IRS schema version 2014v5.02013v3.0  
Filing identifier 201532299349300008201432169349300223  
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